Options Expiration – February 2018

I had no options remaining to expire today, so I’m giving a short recap of what’s in my account at the end of the week.

– 1 GS March $265 naked put with GS trading at $267.62
– 1 ADI March $85 naked put with ADI trading at $86.09
– 1 XLB March $63 naked put with XLB trading at $60.48
– 1 IWM March $159 naked put with ADI trading at $153.35
– 1 WMT March $105 naked put with WMT trading at $104.78
– 2 TLT March $125 short call with TLT trading at $118.71
– 2 TLT March $128 long call with TLT trading at $118.71
– 1 AAPL April $165 naked put with AAPL trading at $172.43
– 1 NFLX April $235 naked put with NFLX trading at $278.52
– 5 UUP June $23 long puts with UUP trading at $23.29

My account balance is $101.947.28 with $104.676.65 in cash. I think it bottomed around $97,500 +-$500 a week and a half ago at the market’s depth. I didn’t bother noting the exact amount since I knew it would change in either direction very quickly from within days. Earlier this week, I thought about selling a far out of the money naked put on IWM, just for more exposure with a play on the rebound. Instead, I stuck with what I had and only rolled my AAPL naked put yesterday. Since I had enough of my options in the money before yesterday, I figured I had enough upside potential without adding unnecessary risks. If we get a good two-day dip, I might sell another out of the money put, but not until we get another mini-scare. If stocks keep pushing higher, I’ll probably roll some of my March options early.

« « Rolled AAPL Naked Put to April - | - Month End Summary – February 2018 » »

* If you like this post, then consider subscribing to the Full RSS feed or email updates.

DISCLAIMER: While I am a Registered Investment Advisor Representative, the information contained within this site does not constitue personalized investment advice. This material is meant as entertainment and is only a view into how I invest my own account, but not necessarily how you should invest your own funds. Trade using your own research at your own risk. This is impersonal investment advice which means the material written here, in email exchanges, on Twitter and/or other social networking sites do not purport to meet the objectives or needs of specific individuals or accounts.

Other Popular Articles:

- How to Read an Options Table

- Determining an Exit Price for a Stock

- Understanding Downside Risks in Investing

- How Naked Put Selling Works

- 10 Tips for Keeping Emotions out of Investing

No Comments »

No comments yet.

RSS feed for comments on this post.

Leave a comment

Have some thoughts about this post? Leave a comment to voice your opinion. If your comment is nondescript, I might think it's spam and delete it. While I appreciate all comments, I hate spam.